'Alameda took several billion dollars of money from FTX customers and used it for our own investments and to repay debts that we had.'
Caroline Ellison, the ex-business partner and ex-girlfriend of Sam Bankman-Fried, testified against him at his fraud trial on Tuesday Caroline Ellison, the former CEO of Alameda Research and ex-girlfriend of Sam Bankman-Fried, took the stand to testify against the disgraced cryptocurrency mogul on Tuesday. Bankman-Fried, the former CEO of bankrupt crypto exchange FTX, is currently at trial facing charges of fraud, money laundering, and campaign finance violations.
Sam Bankman-Fried arrives for a court hearing in August On the witness stand, it took Ellison nearly a minute for her to recognize her ex-boyfriend, now wearing a suit instead of his typical gym shorts. Ellison stated that Bankman-Fried directed her to take over $10billion in customer funds from FTX in order to pay Alameda Research’s debts.
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